COSCO (technical)

COSCO: Counter is in long-term downtrend with 50 day cutting the 200 day SMA. See support at $0.85 with nxt lvl at all-time low $0.60 (2008 crisis lvls). Short-term indicators are suggesting a possible bounce with positive divergences spotted, and MACD seeming to bottom. However, COSCO has repeatedly continued to fall despite prev positive signals.